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The two sides discussed about the potential for increased collaboration and investment in the various sectors including agriculture, food security, Information Technology, infrastructure development, Refinery and vowed to extend business and economic ties. Ministry of Energy submitted another summary on reimbursement of price differential claims of oil marketing companies and refineries, in line with PM relief package of reduction in the consumer prices of Motor Spirit and Diesel by Rs. 10 per litre. The price differential would be paid to the Oil Marketing Companies/ Refineries by the Government as a subsidy to avert any shortage in the market. The ECC approved special PDC disbursement mechanism to pay the PDC speedily within 15 days, opening of special assignment account with PSO and initial amount of Rs. 20 billion to PSO in accordance with the mechanism. The Chair was apprised that monthly average retail prices of RBD palm oil are highly volatile and have increased almost twice ...

Federal Minister on Finance and Revenue Mr. Shaukat Tarin held a meeting with All Pakistan Bedsheets & Upholstery Manufacturers Associations led by its chairman Mr. Arif Ehsan Malik, at Finance Division, today. The NPMC also discussed the stock position of POL in the country and expressed serious concerns on the low stocks of HSD and directed the Petroleum Division to take cognizance of the issue and ensure smooth availability of POL in the country. The Chair directed Ministry of NFS&R to make strategy for increasing the exports of Potatoes and further directed for production forecasting unit for major and minor crops for timely decision making. Further, the chair directed the USC to seek guidance of Ministry of Law and Justice on continuation of subsidy on these items for initial 23 days of the February. The Financial Action Task Force reviewed Pakistan’s progress on both FATF Action Plans in its Plenary meeting held on 4th March 2022. Bs Accouting & Finance 4 Yrs, 8 ...